SHIB News: Investors Pivot to Low-Cap Token Amidst Shiba Inu Volatility

Recent developments in the cryptocurrency market have seen investors shifting their focus away from major memecoins like Shiba Inu towards low-cap tokens with high growth potential.

Investors Shift to Low-Cap Token Amid Shiba Inu Outflows

The crypto market has seen intense volatility recently. Major crypto projects have faced outflows due to market uncertainty. Memecoins like Shiba Inu have suffered, with Shiba Inu down 6.24% in the last seven days according to CoinMarketCap. However, it recorded a 1.15% gain in the last 24 hours. Smart investors have moved to a low-cap token expected to surge by 2,400% in the next few months.

Shiba Inu (SHIB) Price Prediction for March 5

As of now, Shiba Inu (SHIB) is trading at $0.00001307, marking a 4.32% increase in the last 24 hours. However, over the past 30 days, its price has declined by 13.83%, highlighting the token’s inherent volatility and the challenging market conditions it faces. Shiba Inu’s recent price action shows the classic characteristics of a highly volatile crypto asset, struggling to maintain its levels amid broader market corrections and profit-taking by long-term holders. Trading volume has also seen fluctuations recently, with increased activity during periods of upward momentum.

20M SHIB Burned, But Price Struggles

Shibburn has reported a significant burn of 20 million Shiba Inu (SHIB) tokens, reducing the circulating supply. An anonymous whale executed the burn, increasing the daily burn rate by 34.24%. Token burning is crucial to SHIB’s tokenomics, aiming to create deflationary pressure and potentially boost its value over time. However, despite these burns, SHIB’s price remains volatile and is currently down 60% from its post-election high.

Shiba Inu: SHIB Price Prediction For Mid-March 2025

Shiba Inu is one of the most trending tokens in the current cryptocurrency market, currently trading at $0.00001365, up 3% in the last 24 hours. The token received a mild price push due to Ethereum’s inclusion in the crypto reserve unveiled by President Donald Trump. However, with Bitcoin plunging to $83K a few days ago, SHIB also noted a steep decline of nearly 14% in the last month. Leading crypto analyst Javon Marks believes SHIB is still working hard to hit a new high of $0.000081.